It's Continuing to Happen!

Yesterday's developments emphatically underscore Lyndon LaRouche's call for the ouster of Obama some time between the end of July and the end of September, in order to clear the way for the implementation of Glass-Steagall and an international fixed exchange rate among the United States, Russia, China, and India, as the starting point for the replacement of the bankrupt British monetary system by a American System-style credit system. The alternative is fascist austerity and the reduction of the world's population to the level advocated by Prince Philip and Prince Charles, of 2 billion or less.

Yesterday the Barney Frankendudd "financial reform" bill was passed by a vote of 60-39. The bill was immediately trumpeted by the criminals who have temporarily blocked the reinstatement of Glass-Steagall — Bernanke, Geithner, and the whole crew of British Empire-loving traitors who constitute the NerObama economic team.

And to celebrate this piece of crud, the SEC announced that it had made a deal with Goldman Sucks. Instead of the top management going to jail as would have happened if there had been a Pecora Committee hearing, Goldman merely has to pay a $300 million fine and $250 million in restitution, for a total of $550 million, which they will probably write off as a business expense. All they had to do otherwise was to admit that they had made a "mistake." Presumably, the mistake they made was that they got caught.

As Lyndon LaRouche commented: It's a smellout!

Meanwhile NerObama was once again dedicating an "advanced battery factory," this time in Holland, Michigan. This factory, he claimed, will produce batteries "Made in America." He neglected to say they would be made by a South Korean company. While Obama was boasting that such factories (there are now nine of them) will create thousands of jobs, the stark reality of the economic collapse was evident to all, despite the usual lying.

* USA Today reports that if unemployment insurance is not extended by the end of July, three million people will be without such insurance—400,000 a week.

* Meanwhile, although the Labor Department said that initial jobless claims fell to 429,000 last week on a seasonally adjusted basis, the actual, unadjusted figure was 84,000 more, i.e, 513,347. A minor technicality.

* 39 community cancer clinics have been shut down so far this year, and, due to cuts in Medicare reimbursements, that total could double.

* Cuts in police and fire rolls continue to proliferate across the country as 3-man crews are reduced to 2-man crews, predictably putting more and more people at risk of injury and death.

* RealtyTrack reports that we are on target for one million repossessions this year. In the second quarter of 2010, 35% more than in the second quarter of 2009 were repossessed by the banks.

* Pennsylvania Gov. Rendell reports that, after a meeting with Harry Reed, he thinks that the chances are less than 50-50 that extra Medicaid assistance will be provided to the states, 31 of which have already included that assistance in their budgets.

This is the policy of the British Empire and of the British puppet President Barack Obama.

The long-term collapse reflected in these immediate predicates has been happening at an accelerated rate since 2007. How many years will it take for those who doubt Lyndon LaRouche's forecasts, to recognize that the process of collapse has been ongoing for years? If you have doubted those forecasts, have you caught on to reality yet?

House Majority Leader Steny Hoyer issued a statement yesterday boasting that the Democrats have taken action to cut the deficit. Among his examples of such action, are the passage of the Obama Nazi Health Care bill and the creation of the fascist Fiscal Austerity Commission.

Meanwhile, Erskin Bowles, the co-chair of the Commission, gave a speech before the Chamber of Commerce saying that he would like to see us do in the United States what the Cameron government in the UK is doing in terms of imposing austerity.

At the same time, it was announced in Britain that Cameron has hired Lord Brown, the former CEO of British Petroleum to help his government impose that very austerity.

BP has a lot of experience imposing austerity and killing people. Apparently, we have a lot to learn from BP.

Under these circumstances, can there be any doubt but that Obama must be ousted in the immediate period ahead, as Lyndon LaRouche has said? Are you ready to dump Obama?

Forget the gutless politicians. Face reality. Make people happy.